The Red Wing Housing and Redevelopment Authority provides housing opportunities to elderly, disabled, handicapped, and family households in the city of Red Wing, Minnesota through a number of local, state, and federal programs. In addition, the RWHRA provides community redevelopment programs to assist in the development of businesses and their properties in Red Wing.

This funding will be used for capital improvements, over $2 million needed to address critical physical needs which include: replacement of inoperable/failing windows, correcting and bringing up to date fire code issues, repairing deteriorated concrete at balconies, and addressing asbestos abatement. Non-critical repairs include replacement of roof, tuck pointing of the brick veneer exterior, replacement of bathroom plumbing fixtures and vanities, and repair of old deteriorating sewer lines.

Terms:

HOME Investment Partnership program

Amount: $3,000,000

Term: 20 years

Interest Rate: 0%

Deferred loan providing rental assistance is maintain during this timeframe.

Preservation Affordable Rental Investment Fund (PARIF) program

Amount: $731,000

Term: 15 years

Interest Rate: 4.50%

Payment deferred for 5 years

This funding will ensure that Jordan Towers II will continue to be a viable affordable housing option for very low income seniors and persons with disabilities for the next 20 years in Red Wing, MN.

The award of $3.7 million could not have happened without the assistance and guidance of the staff at MHFA; Randal Hemmerlin, Executive Director, Red Wing HRA; Ronnelle Jaeger, Program Management Coordinator, Red Wing HRA; and Dan Dege, Finn Daniels Architects.

Congratulations to Tom Hughes and Linnae Carlson of the Red Wing Photo Club. Their pictures were selected from over 100 submissions to be part of the HRA's 2017 calendar. The Photo Club was challenged to depict Red Wing in all four seasons. Tom's photo was selected for Summer; while Linnae had 3 photos selected for Winter, Spring and Fall. They received $50 for each photo that was chosen for the calendar.

To be eligible to enter the 2018 contest, the photographer must be a member of the

Red Wing's Affordable Housing Trust Fund

The Red Wing HRA enters its 50th Anniversary in 2016.

The City of Red Wing issued its enabling resolution to create the HRA on March 3, 1966.

In these past 50 years, the HRA has played an important role in affordable housing and community redevelopment by working in partnership with the private and non-profit sectors, the City of Red Wing, Goodhue County, and our state and federal funding agencies. Without their support and assistance we would not have been successful in completing our mission.

We are planning several celebrations throughout the year and we invite you to attend them.

COMMUNITY DEVELOPMENT GRANT PROGRAM

2016 Allocation

The Red Wing Housing and Redevelopment Authority Board of Commissioners reallocated funds to the Community Development Grant Program at its regular Board meeting on November 10, 2015 for 2016. The 2016 allocation was set at $40,000 with a maximum grant amount of $20,000 per application. The Community Development Grant Program is open to 501 c 3 non-profit organizations. Examples of eligible grant purposes are for equipment for use by the applicant; office furniture; appliances; desks; tables; rehabilitation of buildings owned by the applicant; pass-through funding for activities that develop the community. See the Community Development Grant Program for further details on the program.

As of October 31, 2015, the Red Wing HRA has about $1.34 million in Small Cities amortized and deferred loans that were made to commercial businesses and homeowners to improve their properties. Amortized loans have an annual or monthly payment to the HRA’s Small Cities Program Income fund. The HRA relends the Small Cities Program Income funds to commercial businesses for eligible rehabilitation projects in our target areas. The typical loans are $50,000 total of which $25,000 is amortized for payback over 10 years and the other $25,000 is deferred with a 10 year forgiveness clause if conditions are met. Both loans have 0% interest rates. Because there is a high demand for these funds and limited supply, commercial business property owners should contact the HRA to discuss their proposal and see if funds are available. Typically, we are able to make one to two Small Cities Program Income fund loans per year depending on the payback of the existing loans.